8:27 PM
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STI Market Forecast 25-Sept
STI trading in a range bound level i.e. 3088 to 3050; today also it took support @ 3054 mark near to 3050 levels.
STI didn’t able to cross its previous week higher level as we mention in our previous report that STI faced resistance @ previous higher level of 3088.
Now STI extending its lower level as previous week it made a low of 3057 and this week it made a low of 3054, means STI making a lower lows and lower high.
Today STI breached its support level of 3060, but closed above this level.STI facing resistance @ higher levels and cant able to sustain that level and making a pattern downward biased. Technical indicators are looking in recovering mode on charts.
Intraday Support Level
STI having nearest support @ 3050 level and below this level it can take support @ 3030-3010 will be the support zone for STI.
Intraday resistance Level
STI having Resistance @3088 and above this level it may take resistance @ 3100-3120 levels.
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